VC firm Z3Partners closes a Rs 550 billion fund to support early-stage firms

VC firm Z3Partners closes a Rs 550 billion fund to support early-stage firms
Z3Partners, a pioneer in tech and digital investment in India, announced that its most recent fund, with a ticket size of Rs 50–80 crore and an investment focus on 8–10 early-stage tech and digital firms, had closed at Rs 550 crore. Leading local and international institutions, including HDFC Life and SIDBI, took part in the fund.
According to Z3Partners, it has already invested in five companies: social e-commerce company DealShare, agritech platform Gramophone, SaaS-based logistics management provider Shipsy, and AI-driven platform True-Fan for celebrity engagement. After receiving a $165 million Series E fundraising round, DealShare became a unicorn in 2022.
"Our vision is to identify the most disruptive and cutting edge startups and provide them with necessary support to grow into market leaders," said Gautam Patel, Founder and Managing Partner. The VC firm also announced the joining of Rishi Maheshwari as a Co-founder and Managing Partner. Maheshwari has held several senior management and board positions in organisations locally and internationally.
"Through my time with Goldman Sachs (NYSE:GS) in the US, and private and public growth investing thereafter, I have had the privilege to build a strong understanding of, and supportive ecosystem across, both developed and emerging economies," said Maheshwari.
"India continues to be an attractive investment destination coupled with the government's focus on driving growth through digital transformation representing a unique and exciting time for venture investing," he added.
The Z3Partners Fund works directly with founders to improve their go-to-market strategy and introduces new clients to quicken growth. Z3Partners, founded in 2019 by Patel, invests in early-growth startups at the Series A and B stage and has previously made investments in Bigbasket, MedGenome, OfBusiness, and Pepperfry.